Meet Validus AML: the end-to-end anti-money laundering solution to help exchanges, institutions combat financial crime

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Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, has announced the introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform. The cloud-based platform will help firms in both the traditional finance and digital asset space combat financial crime by combining a signals-based approach to behaviour detection, rules-based logic and advanced data analytics.

This is the first major expansion into a new sector of surveillance for Eventus, complementing its widely used Validus platform for trade surveillance, risk monitoring and algorithmic monitoring. The new platform will offer a full spectrum of powerful detection, workflow and case management tools, enabling clients to reduce financial and regulatory risk, identify a range of illicit financial behaviours and streamline their use of external vendors on critical compliance functions. The functionality of the platform will be enhanced in phases throughout the year.

Travis Schwab, CEO of Eventus, said: “Firms operating in traditional financial markets and digital assets are facing greater challenges than ever to protect themselves from those who present a risk to their businesses and reputations, along with their standing with government regulators. Validus AML reimagines what an anti-money laundering programme can do, reflecting a paradigm shift from traditional alert-focused solutions and taking the burden off compliance teams. We’re excited to introduce our flexible new solution, offering the ability to easily adapt to increasingly complex local, regional and global AML regulatory requirements and to keep pace with evolving business risk across geographies, business lines and client profiles.”

VAML is a Software-as-a-Service (SaaS) solution combining transaction monitoring, behavioural analytics and sanctions monitoring in a single, scalable and easily configurable platform. This enables users to reduce the risk of fines and reputational damage while saving time and resources by focusing on only genuinely suspicious activity. Unlike traditional AML platforms, which generate an alert for each suspicious event, VAML’s signals-based technology and flexible approach to AML behaviour modelling facilitates the aggregation of multiple events into a single “scenario model,” reducing false-positive alerts and producing highly effective, targeted results.

The platform will allow clients to onboard almost any source of customer transaction and trade data from their own systems and third-party providers, along with continuously updated government watchlists, in a low-touch fashion. VAML also gives clients a visual data layer to extract, transform and load any type of data, which when combined with client data, enriches Know Your Customer (KYC), customer lifecycle and ongoing transaction monitoring activities.

Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions, with its powerful, award-winning Validus platform being used across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. The company’s rapidly growing client base relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges.